Finanstilsynet warns against Fondavex's Shinenwt trading platform
Norway's Finanstilsynet warns investors against the Shinenwt trading platform (shinenwt.com), offered by Fondavex to Norwegians without authorisation.
- First reported
- Reports
- 1
Source: finanstilsynet.no · published
What happened
Norway's Financial Supervisory Authority, Finanstilsynet, warned investors on October 14, 2026 against trading through the Shinenwt platform. It has received information that Fondavex has contacted Norwegian investors and offered investment services through the website shinenwt.com.
How the scam works
Finanstilsynet says these trading platforms often present themselves as safe and professional, but are not authorised to provide investment services in Norway and are not supervised by it.
Typical warning signs it lists: platforms showing "live profits", "AI trading" features or fabricated charts without documentation; a "financial adviser" who contacts investors after registration and pressures them into an initial deposit, often at least EUR/USD 250; and withdrawal problems such as demands for extra fees, frozen accounts, unanswered messages and contact persons who disappear.
Source
Finanstilsynet investor alert on Shinenwt (October 14, 2026).
Red flags
- "Live profit" dashboards or "AI trading" claims with no documentation.
- An adviser pushing you to make a first deposit of around 250 euros or dollars.
- Extra fees demanded before you can withdraw.
If you were targeted
- 1Don't enter into agreements with, or transfer money to, the platform.
- 2Check whether a company is in Finanstilsynet's Registry of Entities before investing.
- 3Be critical of investment ads and advice on social media, and don't be rushed.
- 4If you've paid, contact your bank and report it to the police.